1 bedroom apartment for sale
Hagley Road, Birmingham, B16 8JA
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- PLEASE QUOTE REF: JT1146 WHEN ENQUIRING.
- Income-producing buy-to-let sold with tenant in situ
- High-floor (17th) position enhancing rental demand & resale appeal
- Modern Method of Auction – transparent, committed sale process
- Ideal hands-off investment with immediate cash flow
- Proven B16 rental hotspot close to Five Ways, Hagley Road & city centre
Description
PLEASE QUOTE REF: JT1146 WHEN ENQUIRING.
INVESTMENT OPPORTUNITY
17th Floor | One Bedroom | City Views | Modern Method of Auction
A 17th-floor one-bedroom apartment within the popular Metropolitan House development, offered for sale with a tenant in situ and providing immediate rental income.
The apartment comprises an open-plan living and dining area with elevated city views, a modern fitted kitchen, a generous double bedroom, and a contemporary bathroom. The high-floor position offers excellent natural light, privacy, and ongoing rental appeal.
The property is currently let at £750 pcm (£9,000 pa), representing an attractive gross yield of approximately 8.18% based on the guide price. The apartment is held on a long lease with 105 years remaining.
Situated in the sought-after B16 postcode, Metropolitan House is ideally located for Birmingham city centre, Five Ways, Hagley Road, and Brindleyplace, making it a popular choice with professional tenants.
Additional information:
- 105 years remaining on the lease
- Service Charge: approx. £1577p.a.
- Ground rent £250p.a.
- High-demand B16 postcode, popular with professional tenants
- Excellent access to Hagley Road, Five Ways, Brindleyplace & Birmingham city centre
- Strong transport links and local amenities nearby
Metropolitan House is a proven rental development, making this an attractive buy-to-let opportunity for investors seeking strong yield, immediate cash flow, and long-term capital growth potential.
Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
*Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Hagley Road, Birmingham, B16 8JA
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Visit our security centre to find out moreDisclaimer - Property reference S1593901. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by eXp UK, West Midlands. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call eXp UK, West Midlands on 03304 609968.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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